Ink Business Premier Review

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Ink Business Premier℠ Credit Card

  • Rewards

    Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases.

  • Welcome bonus

    Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.

  • Annual fee

  • Intro APR

  • Regular APR

    Flex for Business Variable APR: 19.49% – 27.49%

  • Balance transfer fee

  • Foreign transaction fee

  • Credit needed

Member FDIC. Terms apply.

Pros

  • Free employee cards
  • Generous welcome bonus
  • No foreign transaction fee
  • Access to increased spending power

Cons

  • $195 annual fee
  • No introductory 0% financing offers for purchases or balance transfers
  • Points can only be redeemed for cash
  • Points can’t be transferred to Chase’s travel partners

Chase Ink Business Premier Review

Welcome bonus

Benefits and perks

How to earn and use Ink Business Premier rewards

Rates and fees

Alternatives to the Ink Business Premier Credit Card

Here’s how the Ink Business Premier card stacks up against some of the competition.

Ink Business Premier Credit Card vs. Capital One Spark Cash Plus Credit Card

Capital One Spark Cash Plus Credit Card

Information about the Capital One Spark Cash Plus Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.

  • Rewards

    Unlimited 2% cash back on every purchase

  • Welcome bonus

    Earn a one-time cash bonus of $1,200 once you spend $30,000 in the first 3 months.

  • Annual fee

  • Promo APR

  • Regular APR

    No APR; pay off your balance in full every month to avoid a 2.99% late fee

  • Balance transfer fee

  • Foreign transaction fee

  • Credit needed

If your business spends $10,000 or more a month on credit cards, then it may be worth closely comparing Capital One Spark Cash Plus Credit Card* and the Ink Business Premier. Both of these cash-back cards are charge cards that earn at least 2% back on all purchases and reward big-spending. However, the Spark Cash Plus* has a higher intro bonus (with a much higher spending requirement) and a slightly lower annual fee.

One big difference is that, unlike the Spark Cash card, the Ink Premier gives you 2.5% back on purchases greater than $5,000. If you’re regularly charging large transactions to your card, then the Ink Premier makes a lot of sense.

Otherwise, consider the Capital One Spark Cash because of its lower annual fee. Plus, you’ll get that annual fee refunded each year that you spend at least $150,000 on the card.

Ink Business Premier Credit Card vs. Ink Business Preferred® Credit Card

Ink Business Preferred® Credit Card

  • Rewards

    Earn 3X points per $1 on the first $150,000 spent in combined purchases in select categories each account anniversary year (travel; shipping purchases; internet, cable and phone services; and advertising purchases with social media sites and search engines), 1X point per $1 on all other purchases

  • Welcome bonus

    Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That’s $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®

  • Annual fee

  • Intro APR

  • Regular APR

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

  • Credit needed

The Ink Business Preferred® Credit Card comes with (almost) everything you get with the Ink Business Premier in addition to features the Business Premier card lacks. And it does this while charging a smaller annual fee.

One example of how this card gives the Business Premier a run for its money is with the welcome bonus: The Ink Business Preferred has a similar welcome bonus that’s easier to earn and potentially much more valuable than what you get with the Ink Business Premier. The Ink Business Preferred card also earns Chase Ultimate Rewards points, which can be redeemed for one cent a piece as cash back, so its intro bonus is worth at least $1,000.

But it’s easy to get even more value. With this Chase credit card, when you use Chase points to book travel through the Chase Ultimate Rewards site, each point is worth 1.25 cents. That makes the Ink Preferred’s welcome bonus worth at least $1,250 when applied toward travel. Not only that, but you can also transfer the Chase points you earn to all of Chase’s travel partners and potentially multiply the value you receive by booking luxury hotels and expensive airfare.

The Ink Business Preferred also earns 3X points on the first $150,000 in combined purchases in categories that are meaningful for many small business owners, including shipping, advertising purchases with social media sites and search engines, travel and internet cable and phone services.

Is the Ink Business Premier Credit Card right for you?

Bottom line

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* Information about the Capital One Spark Cash Plus Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.



Sumber: www.cnbc.com

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